Dollar depreciates amid weak statistics on US labor market

According to trading data, the dollar exchange rate on Friday evening is declining after the release of weak April data on unemployment in the United States, Report informs.

The euro rose to $ 1.2122 from the previous closing level of $ 1.2064 per euro. The dollar-yen exchange rate declined to 108.72 yen from the last close of 109.08 yen. The dollar index (the dollar exchange rate against a basket of currencies of six countries — the main trading partners of the United States) fell by 0.47%, to 90.52 points.

The pressure on the US currency was exerted by weak statistics on the US, after which the dollar strengthened its decline against the euro and went into negative territory against the yen. The dollar index was at 90.91 points before the statistics were released.

In April, unemployment in the country rose to 6.1% from the March level of 6%, instead of the expected decline. The number of people employed in non-agricultural sectors of the economy increased, but many times less than the forecast — by only 266 thousand.

"Today's disappointing job numbers will heighten investor caution and raise concerns around the resilience of the US labor market - and to what extent the pace of the Covid-19 vaccination program will boost economic activity and employment," said Richard Flynn, UK managing director at Charles Schwab.